Petro-Canada announced Wednesday it has restarted a key piece of equipment that had been shut down in early August, resulting in fuel shortages at gas stations across British Columbia and Alberta.

Mariner energy, Inc. announced today that Scott D. Josey, Chairman of the Board, Chief Executive Officer and President, will be presenting at Lehman Brothers' CEO Energy/Power Conference in New York on ...

Oil exploration group Cairn energy is close to securing the credit lines that will ensure sufficient funding is in place to start production at its massive Rajasthan field in northern India next year.

Retail gasoline prices continue to drop across Texas this week. The weekly AAA Texas gas price survey released Friday finds regular-grade averaging $3.47 per gallon across Texas, down 7 cents from last week.

China National Offshore Oil Corp. , the nation's third largest oil producer, will spend 6.6 billion dollars to nearly double the capacity of a major refinery project, state media said Friday.

The new plant will produce 250,000 electro chemical units annually, bringing total capacity to 525,000 units, the Houston- based company said today in a PR Newswire statement. The project will cost between $250 million and $300 million and the targeted start is the first half of 2011, Westlake said.

NuStar energy LP’s board of directors approved a pipeline expansion project in Kansas for $16.1 million. (NS)

It’s not even in the Gulf of Mexico yet, but Tropical Storm Gustav is already prompting evacuations across the Gulf South and even action here in Central Texas.

In the first major oil deal Iraq has made with a foreign country since the 2003 U.S.-led invasion, the Iraqi government and a Chinese firm have signed a 20-year contract that could be worth up to $3 billion, ...

Bank stocks were responsible for a triple-digit advance on the Toronto Stock Exchange on Thursday as the latest series of earnings reports from the country's big banks encouraged investors, despite dramatically ...